French technology provider Linedata has partnered with Sycamore Investment Services in Shanghai to provide front to middle-office services to China’s hedge funds.
The partnership will combine Sycamore’s middle office outsourcing service with Linedata’s hedge fund management offering Linedata Global Hedge.
In a brief on the partnership, Linedata explained that the agreement reflects an increasing demand from hedge funds in China to seek middle- and back-office fund operation and administration services from a third-party provider to access trade and corporate actions processing.
The partnership will also offer services in reconciliation, pricing and valuation, profit and loss analysis, net asset value calculations, and investor relations services.
Sally Crane, managing director for the Asia Pacific at Linedata, said: “Understanding and meeting the needs of our clients is central to our philosophy at Linedata. This partnership demonstrates our commitment to deliver not just a product but the complete end-to-end solution our clients demand.”
“With the strong reputation of the management team, Sycamore has established an extensive network in China since its launch last year and was a natural partner as we look to build on our recent momentum in the region.”
Jeff Li, CEO at Sycamore, added: “Sycamore is a technology driven company, delivering high quality services through our robust technology platform.”
“Linedata offers complete solutions to our hedge fund clients. By partnering with Linedata, we can ensure our clients receive our best middle-office services. We look forward to the strong partnership with Linedata.”
